Concerns about inclement weather in the U.S. prompted wheat futures to advance on Monday as questions arose about the quality of the harvest, Bloomberg reports.
Wheat futures were losing value on Wednesday as economic data noted farmers in Canada will harvest an all-time high amount of the grain, according to Bloomberg.
Confidence about increased demand prompted wheat futures to ebb and flow on Wednesday after recent losses for the grain and surging worldwide production, according to Bloomberg.
Strong weather prospects in the world’s largest export market prompted soybean futures to lose value on Friday as the legume marked a second consecutive trade session of losses after climbing earlier this week, according to Bloomberg.
Confidence about the U.S. government noting the nation’s crop is bigger than previously estimated tugged down corn futures on Friday, according to Bloomberg.
Inclement weather in the Midwest of the U.S. is likely to harm harvests as crops are left in vulnerable positions in strong growing region of the nation, according to Bloomberg.
Wheat futures advanced on Thursday as indications noted production in Ukraine and Russia will not be as high as projected due to heavy rain keeping farmers from sowing the seeds of winter crops, according to Bloomberg.
Forecasts for rainy weather to cease in the U.S. Midwest prompted soybean futures to slip on Monday, according to Bloomberg.
For the second consecutive day, corn futures dropped after a revised harvest forecast from the U.S. Department of Agriculture, according to a published report.
Inventories of wheat are slipping as the U.S. and the European Union vend the agricultural commodity more rapidly than any time since 2007, according to Bloomberg.